Updated at 8:47 a.m. ET
The coronavirus pandemic has pushed unemployment to its highest level since the Great Depression, but the pace of layoffs has been easing. And there are now some signs that the job market could slowly start to recover.
The Labor Department says another 1.87 million people filed claims for unemployment insurance last week. That’s down 249,000 from the previous week. While still very high by historical standards, the number has been declining steadily from a peak of 6.8 million the week ending March 28.
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